REDMOND, Wash., July 20, 2010 (GLOBE NEWSWIRE) -- CoroWare, Inc. (OTCBB:COWI) today announced it is pleased to announce that it has retained International Monetary as its investor relations & strategic advisory firm to provide proprietary investor relations services, public relations services, and advise the Company's management on other strategic decisions.
"International Monetary has impressed us with their effectiveness for obtaining capital from a multitude of funds, underwriters, and strategic investors," said Lloyd Spencer, CEO of CoroWare, Inc. "With their guidance and assistance, we look forward to rebuilding CoroWare's financial foundation by reducing debt, increasing working capital with a range of prospective finance partners, and attracting long term investment."
Newport Beach-based International Monetary will provide CoroWare with services ranging from guidance on raising short term financing, attracting long term investment, and maximizing shareholder value.
"With its focus on rapidly growing markets such as videoconferencing and telepresence, CoroWare is well positioned for significant growth as a result of its unique combination of software products, systems integration solutions, and CoroCall subscription services," said MB Riley, Managing Director of International Monetary. "Through our strategic advisory services, we look forward to helping CoroWare complete its turnaround and achieve its investment objectives in the coming years."
For questions about CoroWare investor relations, please contact us at investor@coroware.com or 1-800-641-CORO (2676), option 4.
About International Monetary
Founded in 1997, International Monetary recognized a need to provide Investment Banking Services with the speed and precision that is required in the new internet and technology economy. International Monetary focuses on turnaround situations and rapidly growing small companies, specializing in debt/equity financing of under $1 billion. International Monetary is lead by a team of Managing Directors that provides a number of strategic advisory services including: structuring financing and providing capital resources, M&A, International Licensing/Commercialization, Retail Product/Service Distribution, Advertising & Marketing, and Shareholder Enhancement Services. To find out more about International Monetary, go to: www.intlmonetary.com
About CoroWare
Headquartered in Redmond, Washington, CoroWare is a solutions integrator with expertise in affordable telepresence, business applications, and mobile robotics. For more information on CoroWare's products and services, please visit www.coroware.com.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners. This press release is written using forward-looking statements pursuant to the Private Securities Litigation Reform Act of 1995: http://www.sec.gov/about/laws/sea34.pdf (Sec. 21E p. 223).